Stimulus update: Direct payment from Alaska fund worth $1,312 to be sent to some in 15 days

In 15 days, the Alaska Department of Revenue is set to send out checks from the Permanent Fund Dividend to those who have yet to get their 2023 payments from the program.

The next round of distribution of the annual payment will go out in just over two weeks, becoming the fifth wave of 2023 payments sent out to eligible residents since October.

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An applicant must intend to remain a resident of Alaska indefinitely and not be a convicted felon, among other requirements, to be eligible for the program.

Those who will receive their payment on Jan. 18 include eligible Alaska residents who have the “Eligible-Not Paid” status on Jan. 10 and have yet to receive their 2023 or earlier payments from the state program.

The amount for each check from the Permanent Fund Dividend is determined by mineral revenues from the state for each year. For the 2023 payment, the amount was $1,312 per resident from the program.

“The 2023 PFD marks the 42nd year Alaskans have received their share of the state’s natural resource wealth,” Alaska Department of Revenue Commissioner Adam Crum said in a statement. “I would like to thank our Permanent Fund Dividend Division for their tireless work year-round in administering the program and processing the applications.

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“This year, we processed over 8,000 more applications than in 2022,” Crum added. “The 2023 PFD will inject nearly $1 billion into the state’s economy and directly into the hands of Alaskans.”

Residents in Alaska can apply for the program for 2024 until March 31, either online or via paper form. More information on the state program can be found on the Alaska Department of Revenue’s website.